As in previous years, the Trustee wrote to the Bank in July to propose that the Bank agree to grant a discretionary pension increase for pensioner members with effect from January 2026.
This would be in addition to the increases that are guaranteed and provided automatically.
Under the Scheme Rules, Bank approval is required for an additional discretionary increase to be awarded to members on top of the guaranteed increase that will be applied. The Bank has advised us that following a thorough review and consideration of all relevant factors, including pensioner hardship and the Trustee’s proposal, it will not award an additional increase above those that are already guaranteed on 1 January 2026.
If you have a general question about your pension, please get in touch with the HSBC Administration Team at Equiniti and quote your full name, date of birth, full address, and member number or payroll number. This will ensure that Equiniti can respond to your query without delay.
Address: HSBC Administration Team, Equiniti, HSBC Bank (UK) Pension Scheme, PO Box 5227, Lancing, BN99 9FN.
Telephone: 0371 384 2620
Email: HSBCDBPensions@equiniti.com
If you have any further questions about the Bank’s decision relating to additional discretionary increases, please contact HRDirect on +44 3456 024348.